OGE Energy Corp. (NYSE:OGE) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. cut its stake in OGE Energy Corp. (NYSE:OGE) by 7.8% in the second quarter, Holdings Channel reports. The fund owned 194,570 shares of the utilities provider’s stock after selling 16,470 shares during the period. Twin Capital Management Inc.’s holdings in OGE Energy were worth $8,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. TRUE Private Wealth Advisors purchased a new position in shares of OGE Energy during the 2nd quarter worth $25,000. CNB Bank purchased a new position in shares of OGE Energy during the 1st quarter worth $26,000. Berman Capital Advisors LLC grew its holdings in shares of OGE Energy by 108.1% during the 1st quarter. Berman Capital Advisors LLC now owns 616 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 320 shares during the period. Cornerstone Advisors Inc. grew its holdings in shares of OGE Energy by 154.1% during the 1st quarter. Cornerstone Advisors Inc. now owns 620 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 376 shares during the period. Finally, Advisory Services Network LLC grew its holdings in shares of OGE Energy by 262.9% during the 2nd quarter. Advisory Services Network LLC now owns 646 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 468 shares during the period. 68.69% of the stock is owned by institutional investors and hedge funds.

OGE Energy stock traded up $0.21 during midday trading on Thursday, reaching $42.70. 37,586 shares of the stock traded hands, compared to its average volume of 962,854. The business has a 50-day simple moving average of $42.91. OGE Energy Corp. has a 12-month low of $35.29 and a 12-month high of $44.40. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 4.56 and a beta of 0.49. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.33 and a current ratio of 0.51.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). The company had revenue of $513.70 million during the quarter, compared to analysts’ expectations of $589.82 million. OGE Energy had a net margin of 18.39% and a return on equity of 10.17%. The business’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. On average, analysts expect that OGE Energy Corp. will post 2.14 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Wednesday, July 10th were paid a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Tuesday, July 9th. OGE Energy’s payout ratio is presently 68.87%.

A number of equities analysts have recently weighed in on the company. Mizuho assumed coverage on OGE Energy in a report on Monday, June 17th. They set a “neutral” rating and a $43.50 price target for the company. Zacks Investment Research cut OGE Energy from a “buy” rating to a “hold” rating in a report on Monday, May 6th. ValuEngine cut OGE Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Evercore ISI restated a “hold” rating and set a $39.00 target price on shares of OGE Energy in a report on Sunday. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $40.25.

OGE Energy Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that provides physical delivery and related services for electricity and natural gas primarily in the south central United States. It operates in two segments, Electric Utility and Natural Gas Midstream Operations.

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Institutional Ownership by Quarter for OGE Energy (NYSE:OGE)

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